Common use of Termination of Rights as Shareholder Clause in Contracts

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 200 contracts

Samples: Securities Assignment Agreement (GP-Act III Acquisition Corp.), Contribution Agreement (GP-Act III Acquisition Corp.), Securities Assignment Agreement (GP-Act III Acquisition Corp.)

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Termination of Rights as Shareholder. If any of the Shares are forfeited surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 131 contracts

Samples: Subscription Agreement (Eureka Acquisition Corp), Subscription Agreement (Spark I Acquisition Corp), Subscription Agreement (Spark I Acquisition Corp)

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 115 contracts

Samples: Subscription Agreement (EQV Ventures Acquisition Corp.), Global Lights Acquisition Corp (Global Lights Acquisition Corp), Ogier Global (ClimateRock)

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 36 contracts

Samples: Future Vision II Acquisition Corp., Graf Global Corp., Helix Acquisition Corp. II

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3Article V, then after such time the Subscriber Buyer (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 15 contracts

Samples: Securities Subscription Agreement (Agriculture & Natural Solutions Acquisition Corp), Securities Subscription Agreement (Agriculture & Natural Solutions Acquisition Corp), Securities Subscription Agreement (Nabors Energy Transition Corp. II)

Termination of Rights as Shareholder. If any of the Shares are forfeited surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 11 contracts

Samples: HCM II Acquisition Corp., HCM II Acquisition Corp., Love & Health LTD

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3forfeited, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 7 contracts

Samples: AfterNext HealthTech Acquisition Corp., TPG Pace Solutions Corp., TPG Pace Tech Opportunities II. Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 34, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 5 contracts

Samples: Bukit Jalil Global Investment Ltd., Bukit Jalil Global Acquisition 1 Ltd., Horizon Space Acquisition I Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited surrendered in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 4 contracts

Samples: Sculptor Acquisition Corp I, SPGL Acquisition Corp, Itiquira Acquisition Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), ) shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 4 contracts

Samples: Securities Subscription Agreement (DT Cloud Star Acquisition Corp), Lazard Fintech Acquisition Corp. I, Lazard Healthcare Acquisition Corp. I

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 33 or any Forfeiture Agreement, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 4 contracts

Samples: Aimfinity Investment Corp. I, Denali Capital Acquisition Corp., Denali Capital Acquisition Corp.

Termination of Rights as Shareholder. If any of the Purchased Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), ) shall no longer have any rights as a holder of such forfeited Purchased Shares, and the Company shall take such action as is appropriate to cancel such forfeited Purchased Shares.

Appears in 4 contracts

Samples: Israel Amplify Program Corp., Israel Amplify Program Corp., Israel Amplify Program Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), ) shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 4 contracts

Samples: Mars Acquisition Corp., TLGY Acquisition Corp, Angel Pond Holdings Corp

Termination of Rights as Shareholder. If any of the Shares are forfeited surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest), ) shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 3 contracts

Samples: ESH Acquisition Corp., EG Acquisition Corp., Sarissa Capital Acquisition Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (Subscriber, or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 3 contracts

Samples: CCIF Acquisition Corp., CCIF Acquisition Corp., CCM Acquisition Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited surrendered and canceled in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 3 contracts

Samples: Securities Subscription Agreement (SDCL EDGE Acquisition Corp), Tio Tech A, Rocket Internet Growth Opportunities Corp.

Termination of Rights as Shareholder. If any of the Founder Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or its successor in interest), shall no longer have any rights as a holder of such forfeited Founder Shares, and the Company shall take such action as is appropriate to cancel such forfeited Founder Shares.

Appears in 3 contracts

Samples: Black Dragon Acquisition Corp. I, Concord Acquisition Corp III, Concord Acquisition Corp II

Termination of Rights as Shareholder. If any of the Shares are forfeited surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 3 contracts

Samples: Austerlitz Acquisition Corp I, Austerlitz Acquisition Corp II, 1.12 Acquisition Corp

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3III, then after such time the Subscriber (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 2 contracts

Samples: Securities Subscription Agreement (VPC Impact Acquisition Holdings II), Securities Subscription Agreement (VPC Impact Acquisition Holdings)

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Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or Initial Shareholder or other successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 2 contracts

Samples: Crypto 1 Acquisition Corp, Crypto 1 Acquisition Corp

Termination of Rights as Shareholder. If any of the Shares are forfeited surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited surrendered Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 2 contracts

Samples: Securities Subscription Agreement (Peridot Acquisition Corp. III), Securities Subscription Agreement (Peridot Acquisition Corp. III)

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 2 contracts

Samples: Rigel Resource Acquisition Corp., FirstMark Acquisition Corp. III

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber Investors (or any successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 1 contract

Samples: Agreement (PepperLime Health Acquisition Corp)

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited SharesShares and the Company shall take such action as is appropriate to cancel such Shares which may include by way of the compulsory redemption and cancellation of such Shares for nil consideration.

Appears in 1 contract

Samples: Atlantic Alliance Partnership Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time time, the Subscriber (or successor in interest), ) shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 1 contract

Samples: Letter Agreement (Singularity Acquisition Corp.)

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber Purchaser (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and Purchaser and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 1 contract

Samples: Battery Future Acquisition Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 32.6, then after such time the Subscriber Buyer (or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate and necessary to cancel such forfeited Shares. In addition, the Buyer hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all action reasonably requested by the Company necessary to effect any adjustment in this Section 2.6.

Appears in 1 contract

Samples: Form of Securities Purchase Agreement (China Growth Equity Investment LTD)

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. 4.

Appears in 1 contract

Samples: G Squared Ascend I Inc.

Termination of Rights as Shareholder. If any of the Shares are forfeited cancelled in accordance with this Section 3, then after such time the Subscriber Subscribers (or successor their successors in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

Appears in 1 contract

Samples: S.E. Asia Emerging Market Company., LTD

Termination of Rights as Shareholder. If any of the Purchased Shares are forfeited in accordance with this Section 33 or Section 6 hereof, then after such time the Subscriber (or successor in interest), ) shall no longer have any rights as a holder of such forfeited Purchased Shares, and the Company shall take such action as is appropriate to cancel such forfeited Purchased Shares.

Appears in 1 contract

Samples: Israel Amplify Program Corp.

Termination of Rights as Shareholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares. The Subscriber shall forthwith surrender the Shares and the share certificates to the Company without consideration.

Appears in 1 contract

Samples: Golden Ventures (Golden Ventures Acquisition Corp)

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